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🇮🇳 This Bengaluru Startup is Competing with OpenAI - Sora Killer?
Avinash Mada
August 30, 2024
Welcome to Future//Proof previously the AI Letter 🚀
👋 Hello , the AI Enthusiast.
In this week’s edition, we brought AI updates backed by high-quality research and data to give you deeper insights. You'll find the Top AI Breakthrough of the Week, a featured AI tool with a mini-tutorial, learning resources to help you master these tools, the top 3 AI news stories, and more.
Our goal is to help you improve your knowledge and stay ahead in the rapidly evolving AI landscape. This new format is designed to make it easier for you to access the latest developments, enhance your skills, and stay informed with quick updates.
You can submit your questions, queries, thoughts, opinions or anything regarding AI as a reply to this email and we'll feature and address them in our next newsletter.
🚀 Now Let’s dive in and explore the new AI Insights together
Read Time: 6 min 11 sec
Daily News for Curious Minds
“I stopped watching the news, so sick of the bias. Was searching for an alternative that would just tell me WHAT happened, with NO editorializing. I found it. It’s called 1440. It assumes you are smart enough to form your own opinions.”
An in-depth look at a major AI development, its industry impact, how it could affect your career, and a bold future prediction.
This New AI Benchmark Could Change How We Use Automation in Complex Systemsa
StructuredRAG, a new benchmark from Weaviate, focuses on evaluating how well Large Language Models (LLMs) can generate reliable JSON outputs, which is essential for complex AI systems. The research emphasizes the need for models to follow specific formatting instructions, particularly when outputs are part of multi-component systems. Two leading LLMs, Gemini 1.5 Pro and Llama 3 8B-instruct, were tested using various tasks and prompting strategies. The study revealed that while these models excel at simple tasks, they struggle with more complex structured outputs, highlighting the need for further improvements.
Potential Impact
Automation is advancing, and with tools like StructuredRAG, AI systems will increasingly handle tasks that require precise and structured outputs. This progress could automate many repetitive and tedious jobs, which has both positive and negative implications. On the one hand, it frees you from mundane tasks, but on the other hand, it might lead to job displacement. In the future, robots and AI systems will likely become a more integral part of daily life, performing a variety of functions currently done by humans.
Implications for People/Careers
The growing capability of AI to generate structured outputs could have significant implications for jobs and careers. As AI systems become more adept at handling tasks that require structured data, there may be a reduction in the need for human workers in certain roles. However, mastering AI and understanding its potential could be key to navigating this technological shift. You might need to adapt to new roles where working alongside AI and robotics becomes the norm, marking the beginning of a major transformation in the workforce.
Our Future//Take
The future is rapidly heading towards a world where AI and automation play a central role in nearly every aspect of life. With breakthroughs like StructuredRAG, AI systems will become even more efficient at performing tasks that require structured outputs, making them indispensable in various industries. As AI technology evolves at an unprecedented pace, it's crucial to stay ahead by continuously learning and adapting. The most important thing you should do now is to embrace lifelong learning, particularly in AI and technology, to remain relevant and thrive in this evolving landscape.
Quick summaries of this week's top AI news, their relevance to your career, and our expert opinions.
AI could potentially replace many coding jobs within the next two years, according to AWS CEO Adam Selipsky. He emphasizes the growing power of AI in automating coding tasks, which could lead to significant changes in the tech industry. Selipsky suggests that as AI tools become more capable, upskilling becomes crucial for tech professionals to stay relevant. The main takeaway is the urgency for coders to adapt and learn new skills to work alongside AI, rather than being replaced by it.
Why It Matters to You
No matter your domain, AI's impact is unavoidable. If you're in tech, the rise of AI could directly affect your job. Even if you're not, the ripple effects will be felt across industries. Upskilling, especially in AI-related areas, is essential for staying competitive and ensuring your career isn't sidelined by automation.
Our Take
The most critical step right now is upskilling. As AI continues to evolve, only those with advanced skills will thrive. Learning prompt engineering and Generative AI (GenAI) skills should be a top priority for anyone, regardless of their field. Without these skills, you risk becoming redundant in the near future. Don't wait—begin your journey to becoming a versatile and adaptable professional today. Click here to learn AI for FREE 🚀
An Amazon employee revealed that he uses ChatGPT to automate his tasks, including building dashboards, which allows him to earn a salary of ₹3 crore while doing very little work. This confession highlights how AI tools like ChatGPT can significantly simplify complex tasks. The employee's role requires minimal effort thanks to AI, raising questions about productivity and the future of work. The story also underscores the growing power of AI in the workplace, where those who know how to leverage such tools can dramatically increase efficiency.
Why It Matters to You
AI is rapidly changing the nature of work, making it easier for those with the right skills to automate tedious tasks and focus on more meaningful work. If you learn how to use tools like ChatGPT effectively, you can make your job simpler and more efficient, just like this Amazon employee. The right AI skills can help you stay ahead in a fast-evolving job market, where automation is becoming increasingly common.
Our Take
It's essential to develop AI skills now, as the job market is shifting towards automation. Without these skills, you risk becoming obsolete in a few years. Learning prompt engineering and understanding generative AI tools like ChatGPT should be a priority for anyone in any field. The future will favor those who master AI, and now is the time to invest in acquiring these critical skills to ensure your career's longevity.
A Bengaluru-based startup named Unscript is making waves by competing head-on with OpenAI's Sora. Unscript is challenging the global AI giant by developing advanced AI models tailored for businesses, focusing on affordability and accessibility. This competition highlights India's growing presence in the AI sector, positioning the country as a potential leader in AI innovation. Unscript's approach emphasizes the importance of democratizing AI technology, making it more accessible to local businesses and driving technological advancement in India.
Why It Matters to You
This development is exciting for you because it signals India's rising prominence in AI innovation. With startups like Unscript competing with global players, there's potential for empowering you and others to harness AI for everyday and business applications. This could transform how AI tools are used and accessed across the country.
Our Take
The rise of AI startups like Unscript presents enormous potential for new business ventures and innovation. While this AI boom may cause some job displacement, it also creates significant opportunities for those who upskill and adapt. If you're reading this, it's essential to stay ahead by learning about AI and helping your friends and loved ones understand its impact. This proactive approach will ensure you are prepared to thrive in the evolving AI landscape.
Discover a comprehensive guide to an AI tool, exploring its features, practical use cases, and learning resources to help you master it.
Vapi AI ☎️
VAPI.ai is a versatile AI-powered platform that enables businesses to build, deploy, and manage AI-driven voice and chat applications.
⭐ Top Features
Multi-Language Support: Handles multiple languages for global reach.
Customizable Workflows: Design and customize conversational workflows tailored to your needs.
Integration Capabilities: Seamlessly integrates with various platforms like CRM, databases, and APIs.
Real-Time Analytics: Offers insights and analytics on user interactions and application performance.
Scalable Architecture: Designed to scale with growing business demands, ensuring consistent performance.
Resources for Learning
A curated list of noteworthy AI tools and their key details to help you stay ahead in your field.
Google’s highest quality text-to-image model, capable of generating images with even better detail, richer lighting and fewer distracting artifacts than their previous models.
An AI tool that makes it easy to create personalized hug videos, bringing precious photos that touch the heart.
Generate AI memes and media that reach your audience on a whole new level.
Simplify Your Finances with AI-Powered Analysis.
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